Greenwood Capital Associates LLC Acquires New Stake in Marvell Technology, Inc. $MRVL

Greenwood Capital Associates LLC bought a new position in shares of Marvell Technology, Inc. (NASDAQ:MRVL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,396 shares of the semiconductor company’s stock, valued at approximately $2,976,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Marvell Technology by 1.1% in the second quarter. Vanguard Group Inc. now owns 64,443,232 shares of the semiconductor company’s stock worth $4,987,906,000 after purchasing an additional 673,110 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Marvell Technology by 8.0% in the 2nd quarter. Brown Advisory Inc. now owns 20,840,336 shares of the semiconductor company’s stock worth $1,613,044,000 after buying an additional 1,539,809 shares during the last quarter. State Street Corp raised its position in shares of Marvell Technology by 2.7% during the 2nd quarter. State Street Corp now owns 20,573,260 shares of the semiconductor company’s stock valued at $1,592,370,000 after buying an additional 533,946 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Marvell Technology by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,406,875 shares of the semiconductor company’s stock worth $805,473,000 after acquiring an additional 1,464,571 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Marvell Technology during the 2nd quarter worth $716,713,000. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Marvell Technology Trading Down 0.2%

Shares of MRVL opened at $86.34 on Friday. The stock has a market capitalization of $73.22 billion, a P/E ratio of 30.29, a PEG ratio of 0.84 and a beta of 1.93. Marvell Technology, Inc. has a twelve month low of $47.08 and a twelve month high of $127.48. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $87.55 and a two-hundred day simple moving average of $79.60.

Marvell Technology (NASDAQ:MRVL) last issued its quarterly earnings data on Tuesday, December 2nd. The semiconductor company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. Marvell Technology had a net margin of 31.75% and a return on equity of 13.15%. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Marvell Technology has set its Q4 2026 guidance at 0.740-0.840 EPS. On average, research analysts anticipate that Marvell Technology, Inc. will post 0.91 EPS for the current year.

Marvell Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Friday, January 9th will be issued a $0.06 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.24 annualized dividend and a yield of 0.3%. Marvell Technology’s dividend payout ratio (DPR) is 8.42%.

Marvell Technology announced that its board has authorized a stock repurchase plan on Wednesday, September 24th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

MRVL has been the topic of a number of research analyst reports. Cantor Fitzgerald set a $100.00 target price on Marvell Technology in a research note on Tuesday, December 16th. KeyCorp boosted their target price on Marvell Technology from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Piper Sandler set a $110.00 price objective on shares of Marvell Technology in a report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Marvell Technology in a research note on Monday, December 1st. Finally, HSBC assumed coverage on shares of Marvell Technology in a report on Monday, November 24th. They set a “hold” rating and a $85.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Marvell Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Insiders Place Their Bets

In other news, EVP Mark Casper sold 1,253 shares of Marvell Technology stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $101.00, for a total value of $126,553.00. Following the sale, the executive vice president directly owned 9,023 shares in the company, valued at approximately $911,323. This trade represents a 12.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

Marvell Technology Company Profile

Marvell Technology Group is a global semiconductor company that designs and develops integrated circuits and related software for data infrastructure, networking, storage and connectivity markets. The company’s product portfolio includes system-on-chip (SoC) solutions, Ethernet physical-layer transceivers (PHYs), switch and switch silicon, optical interconnect components, storage controllers, and security processors. Marvell’s technology is used to enable high-performance data centers, carrier networks, enterprise and cloud storage, as well as connectivity in automotive and industrial applications.

Founded in 1995 and headquartered in Santa Clara, California, Marvell has grown through both organic development and strategic acquisitions to broaden its capabilities across networking and data interconnect.